Tesla Motors gets $465 million in federal loans
June 24th, 2009 Leave a comment Visited 50 times, 1 so far today
Tesla Motors gets $465 million in federal loans
Electric car maker Tesla Motors has announced that they have won $465 million in federal loans from the US government.
The company would use these new funds to build two plants in California.
Ford Motor and Nissan are two other automakers who have received similar help from the government.
These funds are being provided by the US government to promote manufacturing of fuel efficient vehicles.
US President Barack Obama said: “We have an historic opportunity to help ensure that the next generation of fuel-efficient cars and trucks are made in America.”
Diarmuid O’Connell, Tesla’s vice president of business development spoke about their plans: “It helps accelerate the mission of this company: developing the mass market for electric vehicles. We are very excited to move forward with both these projects. We think this is a harbinger of great things to come in the automotive industry.”
Automobiles, Automobiles, Barack Obama, California, Cars, electric cars, Ford Motor, Nissan, Tesla, Tesla Model S, Tesla Motors, Tesla Roadster, USA
Manuj Kumar
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